Oil giant Aramco is committed to carbon neutrality by 2050

Saudi oil giant Aramco today pledged to achieve carbon neutrality by 2050, while the kingdom, the world’s first largest crude oil exporter, announced earlier today that it aims to achieve zero zero emissions by 2060.

“Aramco aims to reduce its net emissions to zero by 2050,” said Amin Nasser, chief executive of the Saudi Green Initiative, which concludes Sunday in Riyadh. meet the challenge of a low-carbon future. “

Earlier in the day, his successor, Mohammed bin Salman, said his country was aiming for carbon neutrality by 2060.

Saudi Arabia, one of the world’s largest polluters, has also announced it will join international efforts to reduce global methane emissions (one of the most common greenhouse gases) by 30% by 2030.

The announcements come just days before the start of COP26, the UN climate conference in Scotland, at a crucial time in setting global carbon emissions targets and combating global warming.

According to the UN, more than 130 countries have set or intend to set a goal of reducing greenhouse gas emissions to zero by 2050, a goal that the United Nations considers “imperative” to maintain a sustainable climate.

Aramco is also subject to investor scrutiny over the carbon emissions it releases.

In January, Bloomberg reported that the oil company had failed to include in its reports emissions figures from several of its refineries and petrochemical plants.

Carbon neutrality is a principle whose definition is variable and sometimes very broad. It consists in achieving by various means a balance between anthropogenic emissions and greenhouse gas absorption.

Source: ΑΠΕ-ΜΠΕ

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